BENTONVILLE, Ark. and STAMFORD, Conn., Oct. 19, 2020 /PRNewswire/ -- Sam's Club and
Synchrony announced a multi-year extension of their strategic
financing and credit card relationship that aims to drive
incremental value to Sam's Club Members by redesigning and
enhancing the card rewards.
As part of the extension, Synchrony will continue to issue,
manage, and service the redesigned and recreated consumer and
commercial credit card programs for Sam's Club at the retailers'
almost 600 locations across the U.S. and Puerto Rico as well
as on SamsClub.com.
This year the two organizations celebrate a 25-year
collaboration that has expanded to multiple offerings that provide
valuable benefits to both consumers and small businesses. Synchrony
continues to make strategic investments in the Sam's Club program
to design digital and in-Club experiences. For example, the Sam's
Club credit capabilities card is embedded into the Sam's Club app
through the Synchrony Plug-in (SyPI) to make applying, buying and
managing Members' accounts easier. Synchrony has also integrated
with Sam's Club's innovative "Scan & Go" technology by
allowing Members to apply and seamlessly purchase with their Sam's
Club credit card.
"We are pleased to renew our longstanding relationship with
Synchrony and keep delivering value to our Members," said
Mike Cook, Senior Vice President and
Assistant Treasurer of Walmart. "The Sam's Club credit card helps
us deepen relationships and loyalty with our Members who expect
their shopping experience to be easy, secure and seamless.
Specifically, the Sam's Club credit card gives Members the value
they seek including cash back on purchases."
"Our long-term strategic relationship with Sam's Club
demonstrates the power of Synchrony's unique financial services and
digital capabilities. We look forward to continuing to provide the
millions of Sam's Club Members and cardholders with the value and
differentiated experiences they expect," said Tom Quindlen, Executive Vice President and CEO
of Retail Card at Synchrony.
About Sam's Club
Sam's Club®, a division of Walmart Inc. (NYSE: WMT), is a leading
membership warehouse club offering superior products, savings and
services to millions of members in nearly 600 clubs in the U.S. and
Puerto Rico. Now in its 38th year,
Sam's Club continues to redefine warehouse shopping with its highly
curated assortment of high-quality fresh food and Member's Mark
items, in addition to market leading technologies and services like
Scan & Go, Curbside Pickup and home delivery service in select
markets. To learn more about Sam's Club, visit the Sam's Club
Newsroom, shop at SamsClub.com, and interact with Sam's Club
on Twitter and Facebook.
Synchrony (NYSE: SYF)
is a premier consumer financial services company. We deliver a wide
range of specialized financing programs, as well as innovative
consumer banking products, across key industries including digital,
retail, home, auto, travel, health and pet. Synchrony enables our
partners to grow sales and loyalty with consumers. We are one of
the largest issuers of private label credit cards in the United States; we also offer co-branded
products, installment loans and consumer financing products for
small- and medium-sized businesses, as well as healthcare
Synchrony is changing what's possible through our digital
capabilities, deep industry expertise, actionable data insights,
frictionless customer experience and customized financing
solutions. For more information, visit synchrony.com and
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